CONTENTS. CHAP. VI. The Manner in which Political Power is exercised.. CHAP. VII. To whom the Exercise of Political Power ought to 68 CHAP. IV. Legislative Department-House of Representatives.. 79 CHAP. VII. Powers of Congress.-Taxes, Duties, &c............ CHAP. XX. Restrictions on the Powers of the States............. 152 CHAP. XXI. Executive Department.-Term of Office, and Elec- tion of President and Vice President............ CHAP. XXII. Qualifications and Compensation of President and CHAP. XXVIII. Provision for Amendments-Assumption of the CHAP. I. Rights of Persons.-Absolute Personal Rights....................... 193 CHAP. VIII. Bills of Exchange-Promissory Notes.......... CHAP. IV. Capital-Its necessity in Production......... --Origin of the Protective System in this country.................................... 271· CHAP. XI. Effects of the Protective System of this Country.... 277 CHAP. XIII. Exchange.-The Advantages of a Division of Labor in Exchange, and of the Frequency of Exchanges...... 284 CHAP. XIV. Origin of Money, and its Utility in Exchange........... 288 CHAP. XIX. Distribution.-Wages, or the Price paid for Labor.. 308 CHAP. XX. Interest, or the Price paid for the Use of Capital.- PART FIRST. PRINCIPLES OF GOVERNMENT. CHAPTER I. Government.-Capacity of Man for Society, and for Civil Government. §1. GOVERNMENT is the exercise of authority, or direction and restraint exercised over the actions of men. In a polit. ical sense, it signifies that form of fundamental rules by which a nation or state is governed, or by which the mern. bers of a body politic are to regulate their social actions. It means also the administration of public affairs, according to established constitutions, laws, and usages: and sometimes it signifies the persons or officers who make and ad. minister the laws of a state or nation. §2. Government presupposes that man is a social being. He is fitted, by the laws of his nature, for society and for civil government and laws. The Creator has so formed man, that he is dependent upon his fellow man. He stands in need of the assistance of creatures like himself, to preserve and protect his own being, and to enjoy the life of a rational animal. Nature has given to men the advantages of reason and speech, or at least the faculty of acquiring them by intercourse with their fellow beings. By conversing with each other, they are enabled to improve their reason and knowledge, and to find methods of supplying their wants, without that natural strength which is given to other animals. § 3. That mankind are by nature designed for society, may be inferred also from their disposition to associate with EXERCISES.—§ 1. What is government? § 2, 3. Wherein consist |